NOT LISTED FOR SALE

4061 4th St Riverside, CA 92501

Downtown Riverside Neighborhood

Estimated Value: $737,000 - $829,000

4 Beds
2 Baths
3,600 Sq Ft
$221/Sq Ft Est. Value

Last Sold March 26, 2015

Last sale price $400,000 $111 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $4,617/month

261 Days on Market

About This Home

As of March 2015

Very nice 4 unit apartment building with four two bedroom one bath units.

Last Agent to Sell the Property

Kent Forsythe

Vertical Real Estate Services License #01096430 Listed on: 11/07/2014

Co-Listed By

Deborah Knight

George Tektonopoulos, Broker License #01501600

Last Buyer's Agent

Deborah Knight

George Tektonopoulos, Broker License #01501600

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 4,224 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • 3,600 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • Public Parking
  • Parking Available

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 7
  • Tax Tract Number 5
  • Assessor Parcel Number 214131008

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $1,502
  • Trash Expense $853
  • New Taxes Expense $7,691
  • Gross Income $3,400
  • Net Operating Income $3,187

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 214131008
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 111.11

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Public

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Heating Type: Wall Furnace
  • Trash Expense: 853.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Storm Drains

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4224.00
  • Lot Size Acres: 0.0970

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 3400.00
  • Gross Scheduled Income: 38244.00
  • Insurance Expense: 1502.00
  • Lot Size Area: 4224.0000 Square Feet
  • Net Operating Income: 3187.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 213.00
  • Rent Control: No
  • Total Actual Rent: 3400.00

Tax Info

  • New Taxes Expense: 7691.00
  • Tax Lot: 7
  • Tax Tract Number: 005
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2014
Closed on
Feb 3, 2015
Sold by
Lozano Anita M
Bought by
Nguyen Family Trust
Seller's Agent
Kent Forsythe
Vertical Real Estate Services
Buyer's Agent
Deborah Knight
George Tektonopoulos, Broker
List Price
$379,000
Sold Price
$400,000
Premium/Discount to List
$21,000
5.54%
Current Estimated Value
$796,720

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$396,720
Avg. Annual Appreciation
6.61%
Original Mortgage
$280,000
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 19, 2007
Sold by
Lozano Anita M
Bought by
The Anita M Lozano Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$512,000
Interest Rate
6.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 16, 2007
Sold by
Raffouly Armand
Bought by
Lozano Anita M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$512,000
Interest Rate
6.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 17, 1994
Sold by
Glendale Federal Bank Fsb
Bought by
Raffouly Armand

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,750
Interest Rate
5.5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 3, 1994
Sold by
Verdugo Service Corp
Bought by
Glendale Federal Bank Fsb
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Nguyen Family Trust $400,000 Chicago Title
The Anita M Lozano Trust -- Chicago Title Company
Lozano Anita M $640,000 Chicago Title Company
Raffouly Armand $87,500 First American Title Ins Co
Glendale Federal Bank Fsb $159,056 World Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nguyen Family Trust $280,000
Previous Owner Lozano Anita M $512,000
Previous Owner Raffouly Armand $78,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/26/2015 03/26/15 Sold $400,000 +5.5% $111 / Sq Ft
12/18/2014 12/18/14 Pending -- -- --
04/01/2014 04/01/14 For Sale $379,000 -- $105 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,321 $480,729 $108,160 $372,569
2023 $5,321 $462,063 $103,961 $358,102
2022 $5,204 $453,004 $101,923 $351,081
2021 $5,135 $444,123 $99,925 $344,198
2020 $5,097 $439,570 $98,901 $340,669
2019 $5,003 $430,952 $96,962 $333,990
2018 $4,907 $423,503 $95,062 $328,441
2017 $4,821 $415,220 $93,199 $322,021
2016 $4,517 $407,099 $91,372 $315,727
2015 $7,798 $713,749 $87,402 $626,347
2014 $7,727 $699,776 $85,691 $614,085
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2015

    Kent Forsythe

    Vertical Real Estate Services

    Section Image

  • D

    Seller Co-Listing Agent in 2015

    Deborah Knight

    George Tektonopoulos, Broker

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG14066560

California Regional Multiple Listing Service (CRMLS)

APN: 214-131-008

California Riverside County Riverside 92501 Downtown Riverside

4061 4th St, Riverside, CA

Not Listed for Sale

MultiFamily

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